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Today’s S.T. news reported that private hire Operators may get licenses to offer street hailing services for their fleets of cars. This sort of news will add fuel to fire and give PHV Operators and their rental companies more incentive and urgency to secure more COEs with plans to expand their fleets ahead of such new enhanced services.

Can’t beat them, join them. That’s the mantra in our competitive ride sharing/hailing services and taxis. See other article in today’s S.T. news. Hence seems like competition for COEs in every bidding exercise will be elevated...

Looks like buyers will have to accept COE prices at new normal price levels due to supply and demand dynamics at play...

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Today’s S.T. news reported that private hire Operators may get licenses to offer street hailing services for their fleets of cars. This sort of news will add fuel to fire and give PHV Operators and their rental companies more incentive and urgency to secure more COEs with plans to expand their fleets ahead of such new enhanced services.

Can’t beat them, join them. That’s the mantra in our competitive ride sharing/hailing services and taxis. See other article in today’s S.T. news. Hence seems like competition for COEs in every bidding exercise will be elevated...

Looks like buyers will have to accept COE prices at new normal price levels due to supply and demand dynamics at play...

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Today’s S.T. news reported that private hire Operators may get licenses to offer street hailing services for their fleets of cars. This sort of news will add fuel to fire and give PHV Operators and their rental companies more incentive and urgency to secure more COEs with plans to expand their fleets ahead of such new enhanced services.

Can’t beat them, join them. That’s the mantra in our competitive ride sharing/hailing services and taxis. See other article in today’s S.T. news. Hence seems like competition for COEs in every bidding exercise will be elevated...

Looks like buyers will have to accept COE prices at new normal price levels due to supply and demand dynamics at play...

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COEs are a finite resource. Whoever control a finite resource will become monopoly and get great returns.

The big corporations could (theoretically) be on their way to create this monopoly scenario:- they just take up all COEs available (or even just keep the excess cars in car park). Hence, all rest of people fail to get COEs and is forced to use their service or rent car from them. With fee not regulated, they could just charge all they want to cover back all the cost.

The only way is PHV and taxi should be regulated to optimize the use of all vehicles. Example, their fleet must have average minimum 20 hours on the road or minimum 20 trips per day. If not met, they have to shrink their fleet size.

You think our government not knowing the above? Let us see how it goes.

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This Christopher didn't take into consideration the collapse in de-registration for the first 4 months of this year. There were lots of renewals of COE in april alone. All these will cause a big hit to the upcoming supply of COEs as it's a zero sum game. No de-registrations = no new COEs as growth rate will be kept at 0%.

Even if demand remains constant in the coming months, the huge drop in COE supply will cause the premiums to further advance upwards. It's basic demand/supply economics 101.

Christopher may have already known about the plans / report in today's ST of allowing PHVs to pick up passengers from the street which implies PHVs will no longer be allowed to bid for Cat A and B COEs as they have to be treated equally as taxis.

Thus the rush by PHV operators to grab as many cheap Cat A and B cars before the new rules kick in.

Once the new rules kick in, Cat A and B will be back to the 20K / 30k + region.

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Christopher may have already known about the plans / report in today's ST of allowing PHVs to pick up passengers from the street which implies PHVs will no longer be allowed to bid for Cat A and B COEs as they have to be treated equally as taxis.

Thus the rush by PHV operators to grab as many cheap Cat A and B cars before the new rules kick in.

Once the new rules kick in, Cat A and B will be back to the 20K / 30k + region.

Even as pseudo-taxis, the PHV companies will still utilise the COE quota (similar to taxis).

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Christopher may have already known about the plans / report in today's ST of allowing PHVs to pick up passengers from the street which implies PHVs will no longer be allowed to bid for Cat A and B COEs as they have to be treated equally as taxis.

Thus the rush by PHV operators to grab as many cheap Cat A and B cars before the new rules kick in.

Once the new rules kick in, Cat A and B will be back to the 20K / 30k + region.

when the rules rules kick in, the quota numbers will probably be half of what it is today. fat hope that it will maintain at 20-30k